Thad,
There is a bit about this. I think the best is the chapter titled
"Demand" in Robin Marris' book, THE THEORY OF MANAGERIAL CAPITALISM -or
something close to that title. Great stuff that you won't find elsewhere.
The other way to look at it is the work on how commodities are hab
Other directions that do not engage the
utility lit are transactions costs and
'specific human capital in the firm,' the
latter a fancy way of saying you develop
specialized knowledge in a particular job
that is not transferable. So if you lose
that job you command a lower wage (all
other things
undefined
reference point in K&T has mostly been associated with the status quo,
leading to "status quo bias", so this becomes another search string.
Peter
-Original Message-
From: Thad Williamson
To: [EMAIL PROTECTED]
Sent: 19.06.01 12:33
Subject: [PEN-L:13622] query: "ki
Thad,
Try:
The winner's curse : paradoxes and anomalies of economic life / by Richard
H. Thaler
One of the chapters is on this subject.
Katie
***
Katie Baird
Assistant Professor of Economics
Interdisciplinary Arts and Sciences
WCG 403
University of Washington
